IRON Financial LLC Invests $859,000 in FirstEnergy Corporation $FE

IRON Financial LLC acquired a new stake in shares of FirstEnergy Corporation (NYSE:FE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,963 shares of the utilities provider’s stock, valued at approximately $859,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming bought a new position in shares of FirstEnergy during the second quarter valued at approximately $25,000. Olistico Wealth LLC bought a new stake in shares of FirstEnergy in the 4th quarter worth approximately $31,000. DV Equities LLC bought a new stake in shares of FirstEnergy in the 4th quarter worth approximately $33,000. Quest 10 Wealth Builders Inc. grew its stake in FirstEnergy by 507.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after buying an additional 640 shares during the last quarter. Finally, Summit Securities Group LLC boosted its holdings in shares of FirstEnergy by 148.0% during the fourth quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 2,376 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Trading Down 0.1%

Shares of NYSE FE opened at $48.48 on Friday. The firm has a market capitalization of $28.04 billion, a PE ratio of 26.35, a PEG ratio of 2.32 and a beta of 0.47. FirstEnergy Corporation has a one year low of $39.34 and a one year high of $52.34. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The business has a 50-day moving average price of $46.57 and a two-hundred day moving average price of $47.69.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts predict that FirstEnergy Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FE. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Barclays boosted their target price on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. lifted their price target on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, UBS Group raised their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstEnergy presently has a consensus rating of “Moderate Buy” and an average price target of $52.23.

FirstEnergy Profile

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid?Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.